EURUSD ONLY BULLISH ABOVE 1.2275 LEVEL
The euro continues to trade towards the top-end of its short-term trading range against the U.S dollar, with price-action now trading above the key 1.2275 level. The EURUSD pair has so far found intraday technical resistance from the 1.2290 level, with the 1.2300 level the next key upside hurdle for euro buyers. Moving into the U.S session, traders continue to look to the U.S dollar index for guidance, with the pivotal 1.2275 level on the EURUSD coming into focus yet again.
The EURUSD pair retains an intraday bullish bias while trading above the 1.2275 level, key upside resistance is currently found at the 1.2300 and 1.2344 levels.
If the EURUSD pair trades below the 1.2275 level for a sustained period, price-action will turn bearish. Key intraday support is then found at the 1.2252 and 1.2218 levels.